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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2023
Stockholders' Equity [Abstract]  
Schedule of black-scholes pricing model to estimate the fair value The following table summarizes the assumptions used in the Black-Scholes pricing model to estimate the fair value of the options granted during the six months ended June 30, 2023:
Expected volatility   161.44%
Expected life of option (in years)   5.2 – 6.2 
Risk free interest rate   3.58 – 3.59%
Expected dividend yield   0.0%
Schedule of stock option activity The following table summarizes stock option activity during the six months ended June 30, 2023:
       Weighted 
       Average 
   Number of   Exercise 
   Options   Price 
Stock Options:        
Outstanding at January 1, 2023   622,074   $3.71 
Granted during the period   49,000    1.94 
Cancelled/Forfeited, during the period   (21,935)   1.62 
Expired, during the period   (2,584)   21.24 
Outstanding at June 30, 2023   646,555   $3.58 
Exercisable at June 30, 2023   499,780   $3.93 

 

Schedule of stock-based compensation expense Stock-based compensation expense for the Company’s stock options included in the condensed consolidated statements of operations was as follows:
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2023     2022     2023     2022  
Cost of revenue   $ 3,151     $ 2,192     $ 5,366     $ 15,056  
Sales and marketing expense     842       637       1,481       756  
Product development expense     7,616       7,270       14,489       10,739  
General and administrative expense     45,561       49,050       90,975       185,069  
Total stock compensation expense   $ 57,170     $ 59,149     $ 112,311     $ 211,620